News
Banyan Tree and AccorHotels announce strategic partnership
Banyan Tree Holdings has announced that it has entered into a heads of agreement with AccorHotels. Under a long-term partnership, both parties intend to collaborate to develop and manage Banyan Tree branded hotels around the world. Banyan Tree will also have access to AccorHotels’ global reservations and sales network, as well as its loyalty programme Le Club AccorHotels.
AccorHotels will invest an initial SGD 24 million (c. €16 million) in Banyan Tree and both parties will then co-develop the brands owned by Banyan Tree around the world. This investment will be made through a mandatory convertible debenture that at conversion will give AccorHotels an approximately 5% stake in Banyan Tree. AccorHotels has an option to purchase an additional approximately 5% stake.
Ho Kwon Ping, Executive Chairman of Banyan Tree, said: “This agreement is not only transformational for Banyan Tree, but is also an innovation for the global hospitality industry. With the current consolidation of mega hotel companies, smaller but also global players – many family-controlled – are also seeking strategic alliances with the global giants. Our strategic alliance with AccorHotels allows us to remain an independent company, enabling us to continue securing hotel management agreements on our own and yet accelerating Banyan Tree’s speed and scope of expansion but with AccorHotels helping us to grow our brands around the world. We believe this agreement will propel our brands rapidly to global reach and range and strengthen our ability to embrace change and innovation in the hospitality industry with a strong global partner. We are excited and committed to this partnership. “
Sebastien Bazin, CEO and Chairman of AccorHotels, said: “Our collaboration with Banyan Tree is a great opportunity to complement our business proposition to owners with iconic brands, while always better servicing our Guests. Banyan Tree Holdings has created key leading positions across Asia with luxury resorts, one of the fastest growing segments in the industry. We will bring scale to the network through our ability to develop and manage hotels under the Banyan Tree brands globally, hence strengthening our leadership in the luxury hotel space. We are confident that our investment will create incremental value for our shareholders.
Cooking
Domenico Carella and Fabrizio Margarita unite for innovative culinary experience at Patina Maldives
Patina Maldives has announces an exclusive culinary pop-up, Ultra Milano by Domenico Carella, taking place from November 9th to November 13th, 2024. This exclusive experience will showcase the innovative culinary and mixology talents of Domenico Carella, a renowned figure in the food and beverage industry.
Carella has built an impressive career as a professional chef, bartender, and manager. With over a decade of experience, he has mastered the art of blending ingredients and flavours to create dishes that perfectly balance texture and taste. His culinary journey has taken him around the world, earning accolades such as Manager of the Year in Asia by “That’s Shanghai” in 2015.
At this event, Domenico Carella’s mixology will complement Fabrizio Margarita’s pizza artistry, reimagining dining with a sustainable flair at Veli Bar in Patina Maldives, Fari Islands.
Carella’s approach to food and beverage emphasises environmental respect and sustainability. His holistic vision ensures that all departments, from the kitchen to the bar, work harmoniously, aligning the procurement of raw materials to create a unified and sustainable operation.
Awards
GO TRAVEL Awards honour Sun Siyam Resorts for excellence in sustainable tourism practices
Sun Siyam Resorts has been awarded the title of “Most Influential Sustainable Hotel Group of the Year” at the 2025 GO TRAVEL Hotel Travel Excellence Awards. This recognition, presented by GOGO Media and Weibo Shanghai, celebrates Sun Siyam Resorts’ exceptional contributions to sustainable tourism in the Maldives and Sri Lanka.
This prestigious award highlights the group’s dedication to blending authentic guest experiences with a strong commitment to environmental and social responsibility. At Sun Siyam Resorts, sustainability is not just a practice but an integral part of its operations, shaping how the group interacts with the environment and supports local communities.
Central to Sun Siyam Resorts’ achievements is the “Sun Siyam Cares” program, which encompasses various eco-friendly and community-focused initiatives. These include reducing energy and water consumption, managing waste efficiently, supporting local community development, and investing in renewable energy sources. Through these efforts, Sun Siyam Resorts actively works to reduce its carbon footprint and environmental impact.
The group’s commitment extends beyond environmental conservation to cultural preservation, emphasising the protection of local heritage and traditional practices. By prioritising these sustainable practices, Sun Siyam Resorts contributes not only to environmental well-being but also to the socio-economic growth of the communities where it operates.
This recognition at the GO TRAVEL Hotel Travel Excellence Awards underscores Sun Siyam Resorts’ leadership in sustainable tourism, marking a significant milestone in the group’s journey to create memorable, eco-friendly travel experiences. Through a seamless blend of luxury and sustainability, Sun Siyam Resorts offers guests the chance to enjoy extraordinary vacations while leaving a positive impact on the world.
Featured
Tennis legend Marion Bartoli leads exclusive lessons at Siyam World Maldives
From December 10th to 14th, Siyam World Maldives will host an unforgettable event for tennis enthusiasts and sports lovers. In collaboration with LUX Tennis, the resort welcomes former World No. 7 and Wimbledon Champion Marion Bartoli for an exciting LUX Tennis Star Event, featuring private lessons, group clinics, and a Meet & Greet with the tennis legend.
After establishing itself as a premier destination for football camps and hosting some of the sport’s greatest players, Siyam World is now shifting focus to tennis, with Marion Bartoli as the latest star to join its roster of sports icons. Guests will have the opportunity to step onto the court with Bartoli herself, gaining insights and tips from one of the sport’s best, whether they’re experienced players or beginners looking to improve their skills.
In collaboration with LUX Tennis, the resort offers a diverse range of tennis activities, from private one-on-one lessons to energetic group clinics, catering to all levels of players. Additionally, a Complimentary Meet & Greet session provides fans with the chance to take photos, engage in conversation with Bartoli, and hear about her inspiring journey from professional player to tennis icon.
Marion Bartoli is a celebrated former professional tennis player from France, known for her unique playing style and remarkable career achievements. She captured the prestigious Wimbledon Championships singles title in 2013, becoming the sixth player in the Open Era to win the title without dropping a set. Bartoli was also a Wimbledon finalist in 2007 and reached the semifinals at the French Open in 2011. Throughout her career, she earned seven singles and three doubles titles on the WTA Tour. Recognised for her unconventional approach, she played with both hands on her forehand and backhand, distinguishing her from traditional players. Bartoli reached her career-high ranking of World No. 7 on January 30, 2012, and returned to this ranking on July 8, 2013, following her Wimbledon victory.
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